Please refer to the ETF Prospectus for important information about the investment company including objectives, risks, charges, and expenses. Read and consider it carefully before investing. You may also obtain a hard copy of the ETF Prospectus by calling 1.800.617.0004.
ETF Investing involves risk. Principal loss is possible. Fund shares are bought and sold at market price (not NAV) and are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called creation units and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. The Deep Value ETF is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Deep Value ETF is more exposed to individual stock volatility than a diversified fund. As with all index funds, the performance of the Deep Value ETF and its Index may differ from each other for a variety of reasons. For example, the Deep Value ETF incurs operating expenses and portfolio transaction costs not incurred by the Index. In addition, the Deep Value ETF may not be fully invested in the securities of the Index at all times or may hold securities not included in the Index.
The Index methodology is based on a "value" style of investing, and consequently, the Fund could suffer losses or produce poor results relative to other funds, even in a rising market, if the methodology used by the Index to determine a company's "value" or prospects for exceeding earnings expectations or market conditions is wrong. In addition, "value stocks" can continue to be undervalued by the market for long periods of time.
Deep Value Index (the 'Index') is the property of Deep Value Holdings, LLC, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) ("S&P Dow Jones Indices") to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors. Neither S&P Dow Jones Indices, nor any of their affiliates or third party licensors will be liable for any errors or omissions in calculating the Index. "Calculated by S&P Dow Jones Indices" and the related stylized mark(s) are service marks of Standard & Poor's Financial Services LLC ('SPFS')and have been licensed for use by S&P Dow Jones Indices and sublicensed for certain purposes by [Licensee].
The Deep Value ETF is distributed by Quasar Distributors, LLC. Exchange Traded Concepts, LLC serves as the investment adviser and Mellon Capital Management Corporation serves as the sub-advisor to the fund. Quasar Distributors, LLC is not affiliated with Exchange Traded Concepts, LLC, Mellon Capital Management Corporation or Standard & Poors.